Merrick Foundation Inc

Analysis

Merrick Foundation Inc is a registered charity in United States, based in Central City, NE. It received its IRS tax-exemption ruling in September 1961, 65 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Merrick Foundation Inc reported income of $2.0m and spending of $944k, leaving 52% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.4m to $2.0m (+35%), an average of +7.9% a year. The sharpest change came in the year to October 2021, when income rose by 32%. Over the whole period it spent 70% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merrick Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include Liberty Wildlife Inc ($2.0m), Crumley House Head Injury Rehabilitation ($2.0m) and Independent Living Options Inc ($2.0m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 19% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $64k (6.8% of expenses). Other salaries and wages came to $66k. At year end it held assets of $17.4m against liabilities of $2.6m, net assets of $14.8m. It reported 3 employees.